Solar Mosaic raises $220 million in new funding
The leading California solar loan provider secured financing from private equity firm Warburg Pincus, Core Innovation Capital and Obvious Ventures. The company’s average loan amount is $30,000, with interest rates ranging between 2.49% and 8.48%.
Germany's fifth solar auction allocates 130 MW to 25 projects
The fifth solar auction for 125 MW was again well oversubscribed, with 62 bids for a total of 311 MW tendered. The average bid amount declined since the previous tender in April, signaling increasing competition in the sector.
Phoenix Solar posts 34% revenue increase, narrows net loss
The German solar company expects a return to profitability this year following a strong performance in the first half of 2016.
DESRI acquires 11 MW California PV project
The Rancho Seco Solar Project, located on the site of a decommissioned nuclear power plant, marks the latest deal between D. E. Shaw Renewable Investments and First Solar.
Vector Cuatro opens new office in Chile
The Spanish solar PV technical advisory group is expanding operations in Latin America, citing strong growth in the region. The company, part of Italy’s Falck Renewables Group, has 10 offices worldwide.
Israel advances bill to cut rooftop solar tax
The legislation aims to encourage investment in renewable energy. Supporters say the bill will help Israeli households generate clean energy and reduce their costs of living while increasing solar power generation in the country, which currently only gets less than 2% of its energy from solar sources.
France gets a step closer to solar roads
French energy minister Ségolène Royal has inaugurated a manufacturing plant that will produce the so-called “Wattway” paving, made of solar PV. One of its pilot projects will be a 1 kilometer solar road, built in the same region as where the plant is located.
Capital Stage to take over Chorus Clean Energy
Chorus is advising its shareholders to accept the takeover offer from Capital Stage, which Capital Stage, which currently operates 600 MW of solar and wind assets in Europe.
Brazil: Rio Grande do Sul provides credit lines for renewables
Renewable energy projects will be able to access the credit lines of BRDE and Badesul, as part of a series of measures implemented by the regional government to promote renewables.
University of West of England to install largest single rooftop PV array in UK higher education sector
The university in Bristol has announced plans for a 450 kW solar installation atop its Enterprise Zone and Robotics Laboratory. Once complete the array will be the largest on any university in Britain.
